We found no statewide reserve study mandate in Wisconsin's condominium law (Wis. Stat. chapter 703) or its homeowners' association section (Wis. Stat. 710.18). Wis. Stat. 703.163 requires residential condominiums to keep a statutory reserve account unless the declarant or a majority of unit votes opts out, and it lists factors the association must weigh when setting the reserve amount.
Last verified October 12, 2026 by ReservePath research.
| Reserve study required | No statewide requirement found |
|---|---|
| Applies to | Not applicable |
| How often | No interval set by statute |
| Site inspection required | No statewide rule found |
We found no reserve study requirement in the Wisconsin Condominium Ownership Act (Wis. Stat. chapter 703) or in the homeowners' association section, Wis. Stat. 710.18. Residential condominiums must have a statutory reserve account unless the declarant or the owners opt out in the way the statute allows [Wis. Stat. 703.163]. (see sources)
We found no statewide rule on this in the statutes listed under Sources.
We found no statewide rule on this in the statutes listed under Sources.
Wis. Stat. 703.163 applies to condominiums with only residential units. Small condominiums and mixed-use condominiums are covered only if they elect to be. For condominiums created on or after November 1, 2004, the declarant must set up a statutory reserve account at creation unless it opts out during declarant control; the association then decides the question after declarant control ends. Associations of older condominiums had to set up an account within 18 months unless a majority of unit votes chose in writing not to. An association may later create or end the account with the written consent of a majority of unit votes. If there is an account, the annual budget must provide for reserve funds. The association sets the amount after considering the current balance, the estimated cost and remaining useful life of common elements, and other funding sources. Reserve money may be used for operating shortfalls only with written consent of two-thirds of unit votes and must be replaced within 3 years. (see sources)
A statutory reserve account statement must be signed and recorded with the register of deeds whenever an account is set up, declined or ended [Wis. Stat. 703.163(11)]. The annual budget sent to all unit owners must show amounts to be allocated to a statutory reserve account and the amount held in it [Wis. Stat. 703.161(2)]. The executive summary given to a buyer must say whether the association maintains reserves for repairs and replacement of common elements, whether a statutory reserve account is maintained, and the reserve balance [Wis. Stat. 703.33(1)(h)11.]. (see sources)
We found no statewide rule on this in the statutes listed under Sources.
ReservePath supports full studies, updates with a site visit and updates without one, 30-year funding projections, and study renewal reminders based on the cycle you set for each study. It includes in-app compliance guidance for each state as a starting point. The preparer and the association's attorney remain responsible for confirming what the law requires.
We found no reserve study requirement in the Wisconsin Condominium Ownership Act (Wis. Stat. chapter 703) or in the homeowners' association section, Wis. Stat. 710.18. Residential condominiums must have a statutory reserve account unless the declarant or the owners opt out in the way the statute allows [Wis. Stat. 703.163].
Wis. Stat. 703.163 applies to condominiums with only residential units. Small condominiums and mixed-use condominiums are covered only if they elect to be. For condominiums created on or after November 1, 2004, the declarant must set up a statutory reserve account at creation unless it opts out during declarant control; the association then decides the question after declarant control ends. Associations of older condominiums had to set up an account within 18 months unless a majority of unit votes chose in writing not to. An association may later create or end the account with the written consent of a majority of unit votes. If there is an account, the annual budget must provide for reserve funds. The association sets the amount after considering the current balance, the estimated cost and remaining useful life of common elements, and other funding sources. Reserve money may be used for operating shortfalls only with written consent of two-thirds of unit votes and must be replaced within 3 years.
A statutory reserve account statement must be signed and recorded with the register of deeds whenever an account is set up, declined or ended [Wis. Stat. 703.163(11)]. The annual budget sent to all unit owners must show amounts to be allocated to a statutory reserve account and the amount held in it [Wis. Stat. 703.161(2)]. The executive summary given to a buyer must say whether the association maintains reserves for repairs and replacement of common elements, whether a statutory reserve account is maintained, and the reserve balance [Wis. Stat. 703.33(1)(h)11.].
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